American soybean farmers are in trouble due to reduced purchases from the Chinese market.

Foreign media: American soybean farmers are in trouble due to China's reduced purchases and are trying to find other import markets.

Owing to the Sino-US trade friction, the price of American soybeans is too high for Chinese buyers, leading China to turn to South America for purchases. American farmers hope for emerging markets such as Vietnam, Nigeria, and Bangladesh, but these markets are much smaller than China.

The amount of American soybean exports to China has dropped significantly, causing great losses for farmers in Illinois, and agricultural-related companies have also been affected. The US government plans to take measures to support farmers, but it is difficult to compensate for the loss of the Chinese market in the short term.

Original article: www.toutiao.com/article/1844974638394380/

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